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    OFF-MARKET
    Retail properties & Spaces

    2448 Church St, Burlington, NC 27215

    6,844 SF 1.03 ac lot Built 2000
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fee-simple, Class A, 6,844 square-foot auto shop in Burlington, NC. Located on a high-traffic intersection (29,000 vehicles per day), this property boasts an absolute NNN lease with Mavis Discount Tire, a nationally recognized leader in automotive services, guaranteeing minimal landlord responsibilities. The lease features a remaining term of 1.2 years, followed by two 5-year options with 10% rent bumps every five years, providing excellent inflation protection. The property's strong financial performance is reflected in a 7.75% cap rate and a current NOI of $200,129. Built in 2000, this single-tenant property sits on a 1.03-acre lot and is strategically positioned as an outparcel to a top-performing Lowe's Home Improvement store, further enhancing its visibility and desirability. The surrounding area features a robust mix of national retailers, including Publix, Harris Teeter, CVS, Wendy's, O'Reilly Auto Parts, and Dunkin', indicating a thriving commercial environment. The property's location within a 5-mile radius boasting an average household income exceeding $75,000 and projected growth of over 4% by 2027, underscores its long-term investment potential. The asking price is $2,582,300, representing a price per square foot of $377.31. This is a 100% occupied property with a lease expiration date of January 30, 2026. This is a truly exceptional opportunity for investors seeking a secure, high-return investment with minimal management requirements.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2000
    Total area 6,844 SF
    Lot 1.03 ac (44,867 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • NTB-National Tire & Battery (Bike/Boat/Book/etc) Store Auto Parts Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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